Cost Accountant – Manufacturing & Industrial Sectors
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Key skills for this role
About the Role
NAFFCO Careers is seeking a Cost Accountant with experience in product costing and manufacturing finance. The role involves cost analysis, profitability optimization, and ERP system maintenance to support strategic decision-making.
Key Skills for This Role
Responsibilities
- Prepare and maintain accurate product costing models for manufactured products
- Analyze raw material, labor, overhead, and operational costs to determine product profitability
- Develop and review standard costing systems and ensure regular updates
- Conduct BOM and routing validations for accurate costing
- Monitor cost trends and identify opportunities for cost reduction and process improvement
- Perform detailed profitability analysis by product, customer, project, and business unit
- Support management with recommendations to improve margins and operational efficiency
- Analyze production variances including material usage, labor efficiency, and overhead absorption
- Work closely with production, procurement, supply chain, and operations teams
- Support inventory management, stock valuation, and cycle count reconciliation
- Monitor WIP and finished goods costing accuracy
- Ensure compliance with accounting standards and internal financial controls
Requirements
- Bachelor’s Degree in Accounting, Finance, Commerce, or related field
- Professional qualifications such as CMA, ACCA, CIMA, CPA, or CA preferred
- Minimum 4–8 years of experience in cost accounting within manufacturing or industrial sectors
Full Job Posting
Role Overview
- We are seeking a highly analytical and detail oriented Cost Accountant with strong experience in product costing, manufacturing finance, and profitability optimization across manufacturing and industrial sectors.
Key Responsibilities
- Product Costing & Cost Analysis: Prepare and maintain accurate product costing models; analyze raw material, labor, overhead, and operational costs; develop and review standard costing systems; conduct BOM and routing validations; monitor cost trends.
- Profitability Optimization: Perform detailed profitability analysis; support management with recommendations; analyze production variances; identify cost saving initiatives.
- Manufacturing Finance Support: Work closely with production, procurement, supply chain, and operations teams; support inventory management; monitor WIP and finished goods costing; ensure compliance.
- Reporting & Budgeting: Prepare monthly cost reports; assist in budgeting, forecasting, and annual operating plan; support month end and year end closing; provide financial insights.
- ERP & Systems: Maintain costing data within ERP systems; improve financial reporting automation; ensure data accuracy.
Qualifications & Experience
- Bachelor’s Degree in Accounting, Finance, Commerce, or related field
- Professional qualifications such as CMA, ACCA, CIMA, CPA, or CA preferred
- Minimum 4–8 years of experience in cost accounting within manufacturing or industrial sectors
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